SBI looks good; Vijay

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Keep Rs 1300 stoploss in SBI: Mohoni SBI can test Rs 1600-1650: Baliga SBI has resistance at Rs 1480: S Agarwal ALSO READ See previous views by PN Vijay See what other Experts & Brokerages are saying about SBI See messages about SBI SBI BSE | NSE 10/02/12 Are Mutual Funds betting on SBI?

Portfolio Manager, PN Vijay is of the view that SBI is looking good.

Vijay told CNBC-TV18, "State Bank of India has shown in the most difficult quarter their loan growth, the CASA for SBI has always been comfortable because of its huge reach in government deposits. So it's got a very solid background to take on any type of macro problems and it moves also, so it is very good."

He further added, "Also in Bank of India people don't realize how much that bank has worked hard internally to improve its net interest margins, bring down its operating costs, improve the CASA, everything that a banker should be and its around 5-6 PE or something. So one has to go for PSU banks, and then go for these two."

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